OKEA ASA - Fourth quarter 2023 financial results
(Trondheim, 8 February 2024) - OKEA ASA (OSE: OKEA) delivered operating income of NOK 2,118 (2,105) million and EBITDA of NOK 1,661 (1,336) million in the fourth quarter of 2023. The year-end cash balance amounted to NOK 2,301 million. Goodwill impairment of NOK 1,363 million related to Statfjord significantly impacted the net financial loss of NOK 1,263 (profit of 32) million.(Amounts in parentheses refer to previous quarter) “Following excellent performance from our operated assets in particular, production increased by 27% in the quarter. The positive developments at Draugen and Brage